.... As yet another reference, That on wed and thursday... all the lemmings ran into oil, and that they even were punished on friday for that we would "RELIVE Katrina". That even CNBC has everyone scheduled ready to be right on top of a "Katrina" event.
Worse is that CNBC has dramatic graphics, and sound effects to overdramatize the event.
You hopefully realize how their emotional reaction to events, doesn't help investors. How many times do you think the New Orleans can eveacuate the populace, before complacancy takes over again. people say "I lived through Katrina" I can survive anything. On a pure Probability basis, you can fade anytime someone says:
- "This will be a repeat of Katrina"
- "this will be a Repeat of the 1970's"
- "The 2000 Recession",
- "The 1930's"
Don't get this confused with "It's never different this time."
12 comments:
I'm sure if there was another 9/11, people's reaction wouldn't be as dramatic. Desensitization works.
S&P went up for the entire week after Katrina hit, which is what people would expect now, right? Especially since it wasn't so bad and oil is down.
Means we should get a down market next week.
I'm so happy I don't watch any kind of news. Nothing but car crashes, war threats and overblown dramatizations of everything.
Anything that's ever half-interesting usually gets 15 seconds of coverage and is always very shallow. Sickening.
There's a quiz at CNN, "do you know what could be making you fat?" So I'm starting the quiz, and the second question is "How many calories does an average American consume a day?"
How knowing that will help anyone lose weight? Stuuupid.
Your cranky.
I bet it's between 3K-4K
Crankiness is a market withdrawal symptom :)
I took a 2 hour relief nap today.
I finally feel normal.
I tried to find your quiz, and then realized I was waisting my time.
ha, got to you! i realized i was wasting time after reading that question.
Here's one more opinion on this "greatest scam":
It's all a Random Walk
It's always been fixed, your only chance is to take a position and wait your turn, when it hits, take all the profit and buy your freedom. Take the initial monies and try it again. People who day trade or jump in and out in a day or two are fooling themselves, they are are gambling. If you dont have the funds to control at least two thirds of the daily float and "none of us do" thereby manipulating the stock, then you are cannon fodder for those that do and they are out there doing it daily, SAC Capital anyone? I've tried it all, being a value investor, day trading, trend trading, shorting, momentum trading, option's, buying the fastest growing companies in the world, and one thing seems to remain constant, one thing I can hang my hat on, one thing I wish I could take a position in, and that is, someone is taking the other side of my trade, and it's not the people on this board. Ever feel like there is a fly on the wall watching your every move, a monkey on your back? There is, that's why we, us, small guys can never win. Only in a rip roaring bull market do we have success, and thats short lived. I have subscribed to a handfull of supposed pros and guess what, had I done the opposite of what they said , I'd be well off by now. What have I learned? Start a business, try to take it public or sell it to a public company, then take the money and run. It appears to me that trading or investing in stocks is pure insanity. If your one of the Buffet disciples remember this, he can buy companies in bk for peanuts, take large positions in a public company and influence the board to protect his investment, he has the media in his pocket, they love him. Wonder why? To hook hopefulls like us in believing in the dream, the dream to invest your way to wealth.
I'm not a big "random walk" person. shell games aren't random walks. and neither is the market.
but... this is one tough game, and it's for keeps.
I thought the title and the message were wrong for each other, but the point that markets are rigged - that's gotta be right.
I'm not a big conspiracy guy.
Prices have to go up, or they have to go down.
and they do. but one will want to buy it at the top, and sell it at the bottom.
but, I don't know about you, but my emotions are what "rig" it for me. One always wants to hang onto it for too long, or slide down the slope of hope. and sell the bottom... but most individual investors go through it.... and it's a nightmare.
but nobody ever lost money, taking profits.
but the bears feel it just like bulls.... which is why we still have some upside, and I think that the bears still need to capitulate.
But, I'm psyched to not think about the market today... tomorrow will show up too soon.
I remember one trader saying that one way to "learn" to trade is to take, say, $1,000,000 in pretend money and TRY to LOSE it all.
Make trades (bets) on what you think are sure losers. I did this a few years ago, using only long positions, and believe it or not, it is very hard to lose a lot of money. Weird. My claim to fame was that I did underperform the market.
Maybe I'll try it again with "short" positions added in this time.
I don't know, one of my investments lost 90% (I'm still holding). It was really easy, I can teach you :)
I hate when the market is like this, not sure it's going to go up, not sure it's going down.
feels like a wall of worry huh?
Korea Development Bank Chief Executive Officer Min Euoo Sung said the state-owned lender is in talks with Lehman Brothers Holdings Inc. on investing in the US securities firm
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